HONG KONG--(BUSINESS WIRE)--LiNiu Technology Group (f/k/a Iao Kun Group Holding Company Limited)
(“LINU” or the “Company”) (NASDAQ: LINU), which launched its electronic
trading platform focused on the Chinese agricultural industry in April
2017 through Guangzhou LiNiu Network Technology Co., Ltd. (“Guangzhou
LiNiu”), today announced that on July 7, 2017, it received a written
notice (the “Notice”) from the Listing Qualifications department of The
Nasdaq Stock Market (“Nasdaq”) indicating that LINU is not in compliance
with the audit committee requirements set forth in Nasdaq Listing Rule
5605. As a result of the resignation of So Hin Lung from the Board on
June 16, 2017, LINU’s Audit Committee currently consists of only two
members.

LINU has been provided a 180 day period in which to regain compliance.
The Board intends to appoint a third independent director with
accounting or related financial management expertise to the Board and
Audit Committee as soon as practicable.

About LiNiu Technology Group

LiNiu Technology Group (NASDAQ: LINU) recently launched the LiNiu
Network, a Business to Customer (“B2C”), Customer to Customer (“C2C”)
and Online to Offline (“O2O”) electronic trading platform focused on the
Chinese agricultural industry. The Company also currently participates
in the promotion of VIP gaming at the Altira Macau. For more information
on the LiNiu Network, please visit www.liniuyang.com.

Forward-Looking Statements

This press release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and
expectations of the Company’s management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. Factors that could cause actual results to
differ materially from management's current expectations include but not
limited to those risks and uncertainties relating to future business
development; ability to maintain the reputation and brand; privacy and
regulatory concerns; competition; security breaches; the continued
growth of the e-commerce market in China; and fluctuations in general
economic and business conditions in China and assumptions underlying or
related to any of the foregoing. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions
to any forward-looking statements contained herein to reflect any change
in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as required
by law. Investors and potential investors should consult all of the
information set forth herein and should also refer to the risk factors
set forth in the Company’s Annual Report on Form 20-F filed in April
2017, and other reports filed or to be filed from time-to-time with
the Securities and Exchange Commission.